Home › Forums › Financial Markets/Economics › Credit Card Industry Aims to Profit From Sterling Payers
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briansd1.
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May 19, 2009 at 6:24 AM #15718May 19, 2009 at 7:37 AM #401826
evolusd
ParticipantI agree. I’ve put EVERYTHING on my credit card for years and pay it off every month in full. I haven’t paid interest since I was in college and am one of the ones getting a ‘free ride’. All well…if they start charging annual fees and interest starting at the day of purchase, my debit card will be getting much more use.
They’re still making money on me, though. They charge the merchants a % fee for each transaction. They’ll be losing out on that if they start these shenanigans.
May 19, 2009 at 7:37 AM #402077ParticipantI agree. I’ve put EVERYTHING on my credit card for years and pay it off every month in full. I haven’t paid interest since I was in college and am one of the ones getting a ‘free ride’. All well…if they start charging annual fees and interest starting at the day of purchase, my debit card will be getting much more use.
They’re still making money on me, though. They charge the merchants a % fee for each transaction. They’ll be losing out on that if they start these shenanigans.
May 19, 2009 at 7:37 AM #402310ParticipantI agree. I’ve put EVERYTHING on my credit card for years and pay it off every month in full. I haven’t paid interest since I was in college and am one of the ones getting a ‘free ride’. All well…if they start charging annual fees and interest starting at the day of purchase, my debit card will be getting much more use.
They’re still making money on me, though. They charge the merchants a % fee for each transaction. They’ll be losing out on that if they start these shenanigans.
May 19, 2009 at 7:37 AM #402369ParticipantI agree. I’ve put EVERYTHING on my credit card for years and pay it off every month in full. I haven’t paid interest since I was in college and am one of the ones getting a ‘free ride’. All well…if they start charging annual fees and interest starting at the day of purchase, my debit card will be getting much more use.
They’re still making money on me, though. They charge the merchants a % fee for each transaction. They’ll be losing out on that if they start these shenanigans.
May 19, 2009 at 7:37 AM #402517ParticipantI agree. I’ve put EVERYTHING on my credit card for years and pay it off every month in full. I haven’t paid interest since I was in college and am one of the ones getting a ‘free ride’. All well…if they start charging annual fees and interest starting at the day of purchase, my debit card will be getting much more use.
They’re still making money on me, though. They charge the merchants a % fee for each transaction. They’ll be losing out on that if they start these shenanigans.
May 19, 2009 at 7:38 AM #401831meadandale
ParticipantI just have to laugh at all the people that have been bitching and moaning about irresponsible banks but still felt entitled to their cash back rewards, low interest rates, no fee deals with their credit cards.
“They can’t do this!”
“This isn’t fair!”
What a sickening sense of entitlement.
Suck it up people. There’s no free lunch. It’s a business. And now you get to help pay for all the irresponsible people as well.
Don’t like the terms? Don’t use the card!!! It’s called a free market.
I could care less. I SAVE money and haven’t used a credit card in years.
May 19, 2009 at 7:38 AM #402082ParticipantI just have to laugh at all the people that have been bitching and moaning about irresponsible banks but still felt entitled to their cash back rewards, low interest rates, no fee deals with their credit cards.
“They can’t do this!”
“This isn’t fair!”
What a sickening sense of entitlement.
Suck it up people. There’s no free lunch. It’s a business. And now you get to help pay for all the irresponsible people as well.
Don’t like the terms? Don’t use the card!!! It’s called a free market.
I could care less. I SAVE money and haven’t used a credit card in years.
May 19, 2009 at 7:38 AM #402315ParticipantI just have to laugh at all the people that have been bitching and moaning about irresponsible banks but still felt entitled to their cash back rewards, low interest rates, no fee deals with their credit cards.
“They can’t do this!”
“This isn’t fair!”
What a sickening sense of entitlement.
Suck it up people. There’s no free lunch. It’s a business. And now you get to help pay for all the irresponsible people as well.
Don’t like the terms? Don’t use the card!!! It’s called a free market.
I could care less. I SAVE money and haven’t used a credit card in years.
May 19, 2009 at 7:38 AM #402374ParticipantI just have to laugh at all the people that have been bitching and moaning about irresponsible banks but still felt entitled to their cash back rewards, low interest rates, no fee deals with their credit cards.
“They can’t do this!”
“This isn’t fair!”
What a sickening sense of entitlement.
Suck it up people. There’s no free lunch. It’s a business. And now you get to help pay for all the irresponsible people as well.
Don’t like the terms? Don’t use the card!!! It’s called a free market.
I could care less. I SAVE money and haven’t used a credit card in years.
May 19, 2009 at 7:38 AM #402522ParticipantI just have to laugh at all the people that have been bitching and moaning about irresponsible banks but still felt entitled to their cash back rewards, low interest rates, no fee deals with their credit cards.
“They can’t do this!”
“This isn’t fair!”
What a sickening sense of entitlement.
Suck it up people. There’s no free lunch. It’s a business. And now you get to help pay for all the irresponsible people as well.
Don’t like the terms? Don’t use the card!!! It’s called a free market.
I could care less. I SAVE money and haven’t used a credit card in years.
May 19, 2009 at 7:43 AM #401841scaredyclassic
Participantit’s not angering. it’s dumb. the reason people with sterling payment histories ahve sterling payment histroies is problee cause theyre good with money. which means they won’t pay interest when chargingg roceries. which means they wont use those cards anymore. so business will decline for thecredit card. i concur. debit card for me.
May 19, 2009 at 7:43 AM #402092Participantit’s not angering. it’s dumb. the reason people with sterling payment histories ahve sterling payment histroies is problee cause theyre good with money. which means they won’t pay interest when chargingg roceries. which means they wont use those cards anymore. so business will decline for thecredit card. i concur. debit card for me.
May 19, 2009 at 7:43 AM #402325Participantit’s not angering. it’s dumb. the reason people with sterling payment histories ahve sterling payment histroies is problee cause theyre good with money. which means they won’t pay interest when chargingg roceries. which means they wont use those cards anymore. so business will decline for thecredit card. i concur. debit card for me.
May 19, 2009 at 7:43 AM #402384Participantit’s not angering. it’s dumb. the reason people with sterling payment histories ahve sterling payment histroies is problee cause theyre good with money. which means they won’t pay interest when chargingg roceries. which means they wont use those cards anymore. so business will decline for thecredit card. i concur. debit card for me.
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